Summary - 27/31 Cambridge Street, Harrogate, North Yorkshire, HG1 1RW HG1 1RW
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime location in affluent Harrogate, opposite major retailers like Primark and Boots
- Fully let with reliable tenants: Bodycare, Pandora, and a phone shop
- Total passing rent of £207,000 per annum with a WAULT of 7.05 years
- Freehold property with a substantial size of 6,863 square feet
- Investment opportunity reflecting a net initial yield of 8.43%
**Potential Downsides:**
- Residential upper parts retained by the vendor
- No mention of recent renovations or updates to the retail units
Nestled in the heart of Harrogate's historic spa town, this prime retail investment property offers significant potential for savvy investors. With a generous total area of 6,863 square feet, it features three fully let retail units generating a total annual rent of £207,000, ensuring immediate cash flow stability. The desirable location on pedestrianized Cambridge Street positions it across from well-known retailers like Primark and Boots, attracting both local shoppers and tourists alike.
The property boasts an attractive Weighted Average Unexpired Lease Term (WAULT) of 7.05 years, providing added security for long-term investment. The opportunity to acquire such a prime asset at £2,300,000 reflects a competitive net initial yield of 8.43%, appealing to those seeking robust returns. While the upper residential components will remain with the vendor, the existing commercial units present an ideal setting for continued retail success in a vibrant market area. Don’t miss your chance to invest in one of the UK’s sought-after locations!
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